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20121101
20121130
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's start with the good old u.s. of a, and cliffs and bluffs. what is the market telling you about the so-called fiscal cliff? will we see a resolution? > > there is some uncertainty that's going on, because what we're seeing, with everybody so concerned, you would think that the u.s. dollar in particular would be pulling back. we are seeing the dollar up in the mid-81 range, and it looks like it is going to continue to run. also, another thing that we are looking at is the indices. they are pulling back down, and i think we still have some more room for them to pull on down. > > what about the eurozone going into yet another recession? what is the fallout? > > wow. we haven't seen the fallout in the euro dollar yet. in yesterday's market, it stayed in the $1.27 range, which really caught a lot of people by surprise, especially with the dollar gaining a little bit. > > tensions are rising in the middle east. will that rattle the oil market? > > we're seeing brent crude is running up, yet the wti crude here in the united states has been pulling down - it's been staying in the mid-$80s. nor
captive on november 4, 1979 at the american embassy in tehran. the u.s. mounted a secret military rescue operation, it failed. here's our coverage now as details of that mission emerged. >> the rescue attempt began late thursday when eight hh5083 took off the coast of iran carrying about 90commandos they flew northwest to the town of cabas about 300 miles from tehran. the key of the operation was the helicopter. six had to make it through. but a sand storm disabled three of them leaving only five. they landed at the desert staging point where they were met by 6c130 carbo planes. the pentagon refused to say where those planes came from. defense officials say the aircrafts flew in and were not detected a bus with 50 iranians passed by. in the dead of night vision was none. eight persons killed, four others seriously burned. leaving the dead behind. the remaining members of the team boarded the plane. >> there was no reason to believe the hostages would be released at any time in the forseable future. several times had been mentioned you may recall, may, june, july the end of the year and i
part of the gold trade, too, is perhaps on a stronger u.s. dollar, and that of course could be a vote on perhaps a romney victory later on tonight. > > good to have you on the show today. that's john brady of rj o'brien. in battleground states such as ohio, hundreds of lawyers have shown up to monitor polls on election day. in our cover story, it's one of many pre- emptive steps being taken to avert a recount that, in ohio's case, could take weeks and delay the election's outcome. while former governor romney and president obama criss- crossed the country in last- minute campaign efforts, more than 200 lawyers from the non- partisan "election protection" group spread out across states such as ohio to make sure potential voters were not discriminated against or intimidated. legal challenges that could delay the outcome for weeks are the last things investors say they want. "the worst thing for business is uncertainty, and that's what's affecting the market now." already there have been two dozen lawsuits within the past six months challening photo i.d. requirments and limited poll hour
with the u.s. bankruptcy court. yesterday the company announced it would shut down its plans nation-wide if striking union workers did not return to their jobs. as of late last night workers remained on the picket lines and refused to head back to work. the company employs 18,000 people. >>> oakland police say good fortune and observant officer may have helped them put a dent in gang violence. last night they arrested ronny at the ruth's chris steak house in san francisco. an off duty oakland officer saw him and his entourage entering the restaurant. police worked up a tactical plan and arrested him without incident as hi left the restaurant. >> we have put forth a lot of efforts with the department of justice, las vegas metro police department. tracking him in several locations. >> he faces potential charges including home, robberies, weapons violations and shootings. police believe his wife was shot eight times while picking up her child at a day care. an hour before last nights arrest, oakland police raided his home in las vegas hoping to catch him there. >>> a bay area mother is
the company topped revenue expectations. u.s. airways, a major carrier to the east coast, rallied more than 2%. shares of generator maker genrac ramped up 20% to an all-time high and continued to ade higher in the after hour session. generac also revealed revenues increased 26% in the third quarter. home depot and lowes both rallied after customers on the east coast stocked up on home repair products, while most insurance stocks sold off. the u.s. is quickly approaching its debt limit. that's according to the treasury department, which said this week that the u.s. will hit its debt limit of $16.4 trillion by the end of the year. the treasury has granted congress more time to come to an agreement over the debt - until early next year. the government is already under pressure to avoid the year-end fiscal cliff. last year's debt negotiations in congress resulted in a decision to raise the debt ceiling, along with a lowered credit rating from standard and poors. u.s. automakers are setting a new pace to deal with a slowdown in europe. ford and gm reported better-than-expected profits this week as
>>> up next on a second look, the first woman ever to serve on the u.s. supreme court. in her own words how sandra day o'conner got the call from president reagan. the most difficult case she faced and her latest crusade to change the way judges are chosen. >>> a legal pioneer returned to the bay area last month. 82-year-old stanford graduate sandra day o'conner. the first woman to serve as a justice was in san francisco for an appearance at the o'conner club. president reagan appointed her in 1981. >> president reagan appointed the first woman to serve. a couple of people were asked to check my record. there was plenty of old newspapers and stuff about me. so they had to check it all out. >> no -- that the time. >> no no -- at that time. not too long after i was sitting in my chambers at the court of appeals in arizona, and the phone rang and it was the white house calling. president reagan said, sandra. yes mr. president. i would like to announce your nomination for u.s. supreme court, is that all right with you. well-- gulp. what do you say to that? i don't know. i guess mr.
, it was more of a repatriation back to the dollar, selling some of the risk currencies. it pushed the u.s. dollar index up. we saw gold prices start to trend lower. they broke through $1,700. it seemed like the liquidation continued to expand at a faster and quicker rate, and we pushed all the way down quite deep. we're right around the 200-day moving average now. > > oil had a dramatic sell-off as well. > > that's another. that's more, i think, of the hurricane factor. the issue with that is you had a lot of refineries that were shut down at the moment, and we had a lot of products just standing aside. we're starting to see oil start to move through the system, and what's happening is, they're really going to ramp up that inflow into the refineries, and you're going to see most likely a build next week from the department of energy. > > and i'm very impressed that you will be leaving the trading floor in chicago on election day to go to indiana to cast your vote. good for you phillip. > > thank you. today marks the final day of campaigning for president obama and gop presidential candida
, falling to its lowest level since july, mostly due to uncertainty about the future of the u.s. and global economies. groupon shares fell 13% after the close on earnings news. revenues were up, but the coupon company had a net lost of nearly 3 million dollars. profits were up at disney thanks to espn and growth at theme parks. and priceline is set to buy online travel company kayak for $40 per share. how low will this market go? ben lichtenstein of tradersaudio.com joins us. good morning to you. happy friday. but is this a buying opportunity here? > > i don't think so. i think basically if you try and step up right now, you're kind of trying to play "catch the knife" if you will. there has been a lot of energy to the downside. it started wednesday. we saw a continuation of that yesterday. basically closed 'em out on the lows. everything across the board literally looks weak right now. the one thing that's been just kind of crazy and doesn't really fit in with all of this is that the dollar has been sideways, right around 81 even, and that the volatility index is still holding right around
are coming in better than expected. the u.s. agriculture department reports the soy bean crop recovered from the dry summer with a rainy fall. the ag department raised its forecast on corn production even though yields from heat-scorched crops remain at the lowest level since 2006. friday's crop report triggered across-the-board selling in the grain market, which eventually could trickle down to prices at the store. "it should stablize for feed ingredients, for example. that will help people going forward. meanwhile, cotton yields are up 12% from last year. a kink in apple's supply chain is putting pressure on foxconn. foxconn's chief executive admits having a hard time meeting the huge demand of apple's latest products such as the iphone 5 because of the complexity of manufacturing the new items. it's shedding some light on the manufacturing process, according to michael manna, host of the tech talk show "t4 show." "these are becoming more complex devices. they're changing the screws up, they're changing the manufacturing methods, so just when you're used to the iphone 4 and the 4s they thr
announced this morning they have filed a motion with the u.s. bankruptcy court. company employs more than 18,000 people. the company announced it would shut down its plans nation-wide if striking union workers did not return from their job. >>> a group of neighbors on the peninsula fear the coming rain will bring another muddy flood. ktvu channel 2 reporter tara moriarty is in daly city again this morning where a mud slide indated that area. >> reporter: the rain has been off and on this morning. it rained a little bit and stopped and now it's picked up again. that's what neighbors are concerned about. over the past three daying the city was able to dig a trench to keep the impending rainwater out of the area. we went down the hill and shot pictures of the storm drain and hillside park. trying to clear that suer system. the priority right now is to make sure the rain doesn't clog the drain or make the mud slide worse. 45,000 gallons of water gushed from that ruptured pipe. crews have set up bails of hay. >> the idea is to to do what we can to relay the concerns of the residents. not to have
a protest is planned. >>> as lawmakers hold a hearing on the tigard coffee -- on the u.s. consulate attack in benghazi, libya, we learned when david petraeus will break his silence. >> wasn't a 911 call that brought firefighters to a house fire, how an alert crew was on the scene in moments. >>> mixing truck flipped this afternoon blocking three lanes of traffic in san jose. the collided with a truck this afternoon. the chp issued a sig alert. all lanes were open by 3:00 p.m. and no one was injured. >>> furious members of congress heard testimony about the u.s. consulate attack in benghazi, libya that killed four americans. the report from washington on the angry exchange of words and when they will hear from former cia director david petraeus. >> reporter: we learned at the hearing secretary of state hillary clinton will it testify about the attacks next month. some say that is not soon enough. >> reporter: in a hearing, they said the obama administration was warned about the security in libya and ignored requests for additional protection. >> this administration, including the president
the u.s. economy is growing at a steady pace. hiring increased in many areas. manufacturing slowed in some sections of the u.s., and hurricane sandy hampered northeast economic growth. information compilied in the fed's beige book will be considered at the fed's next meeting december 11 & 12. the dollar figure on damage caused by superstorm sandy continues to climb. new jersey governor chris christie is asking the federal government to cover nearly $37 billion in damages. fema has already handed out more $500 million in assistance. yesterday, new york governor andrew cuomo pegged sandy damage at $32 billion in his state. insurance giant allstate predicts it will lose 1 billion dollars in catastrophe costs in october, mostly due to sandy. bp is getting a slap on the wrist from the government. the enviornmental protection agency will temporarily suspend the company from opening new contracts. following the 2010 deepwater horizon spill, the epa says bp acted with a "lack of business integrity." it will not impact bp's current contracts. earlier this month, bp pled guilty to charges c
investing opportunities for next year, the u.s. ranked number 1 for the 8th quarter in a row. china came in second, and europe was considered the worst for returns. for those holding out hope for a second life for twinkies, ho- hos and ding-dongs, there's encouraging news. hostess says it is in talks with more than 100 interested buyers. at the same time, hostess is seeking approval in banruptcy court to pay its top executives $1.8 billion in bonuses to retain them during the year-long wind- down process. union reps are asking the judge to bring in an independent group to oversee that process. citigroup is doing some trimming this holiday season. according to reports, the big bank plans to cut 150 jobs and shrink bonuses by up to 10%. the layoffs will affect people working on the trading and investment side of citigroup. sources say people who are top performers won't be affected. several wall street firms have fired employees in cost-cutting moves to deal with new rules meant to prevent another financial crisis. some coffee fans may call starbucks, "sevenbucks." that's how much it'll co
states and canada. authorities have confirmed 97 dead in the u.s., and another five in canada. and that's in addition to 69 people killed in the caribbean before hurricane sandy moved north. drivers in parts of new york and new jersey waited in long lines again today for gas. in someplacing, you see, lines stretch for three to four miles. some stations ran out of gas, while dozening of drivers were waiting. authorities say more than half of all gasoline stations in the new york and new jersey area are shut down, due to power outages or storm damage. >>> sunday's new york city mayor none was canceled today. new york city mayor michael bloomberg made the announcement just hours after he promised the race would go on despite the damage. estimated 40,000 runners from around the world had been expected to take part in that marathon. the race had been scheduled to start in staten island, which is one of the hardest hit areas from this week's storm. >>> and in 7 minutes, staten island residents say they have been left behind in relief efforts, and we asked california senator barbara boxer abou
suv with a roof rack. anyone with information is asked to call police. >>> time is 5:04 with the u.s. military now punishing some u.s. navy seals. accusing them of giving secret information o to a popular video game maker. telling us about the local connection and what information was revealed is claudine wong. >> reporter: this is the company that made the game, and apparently paid these navy seals for help in designing medal of honor war fighter. now, this game was just released last month by electronic arts, the company said in a press release that it was written by actual u.s. tier one operators while deployed overseas to provide players a view into globally recognized threats. involved in the most sensitive of operations and the seven navy seals who have been punished are a part of seal team 6 which is that command unit based in virginia, which conducted the operation against bin laden. all seven have been reprimanded and they forfeited half their pay for two months for helping electronic months. and in facts the punishment and the navy is not saying a lot but the deputy command
then participate in violent gee jihad. -- one of them served in the u.s. air force. the fbi says the men planned to depart this month. >> a man is under arrest accused of molesting girls and offering them marijuana. san rafel police arrested jason edward clar yesterday. he's accused of the continuous sexual abuse of two girls under the age of 11, also taking lewd pictures of them and offering them marijuana. he has not seen the girls for about two years now. the girls told a parent about the allegations. clar is being held on $150,000 bail. >>> san mateo county prosecutors filed new charges against a murder suspect to try to keep him in jail while they appeal the dismissal of a murder charge against him. they charged gregory elarms with possessing weapons while in jail. that increased his bail to a half million dollars. he confessed to the fatal shooting of activist david lewis but the judge dismissed the case saying that elarms wasn't given his miranda rights. prosecutors say they'll appeal the dismissal to the state attorney generals office. >> he's the winningest football coach in cal history
and if the u.s. bankruptcy court grants this motion, then hostess could close all of its operations as early as november 20th. that is just two days before thanksgiving. now back out here live i was also able to find -- [ inaudible ] i spoke to a worker inside who said the delivery truck hasn't been here within a week. report live janine de la vega. >>> time is 5:04. oakland police made a big arrest and giving the credit to luck and a police officer with a keen eye. last night police arrested noted gang leader ronny in san francisco at the ruth chris steak house. an off duty police officer whole celebrating his wife's birthday spotted him as they walk into the restaurant. police were alerted. they converged on the restaurant and arrested him without incident as he was leaving the incident. >> we have put forth a lot of efforts with the department of justice, las vegas police department and oakland police department tracking him in several places. >> he faces home robberies, weapons violations and shootings. they believe his wife was shot eight times as she was picking up her child at a day c
community. well another insider attack led a u.s. coalition and an afghan army soldier shot and killed a british shoulder. 60 service members have been killed so far in about 45 of the so called insider attacks. they are raising questions about how affectively they can train afghans to take over security of the of a dance in 20 -- afghans in 2014. >>> and shocking accusations of general david petraeus after he admitted an extra marital affair. they are tell us why who knew what and when. >>> there is questions including some congressional leaders have not been told earlier. paula broad well sent harassing e-mails to the director and now dianne finestein plans on investigating. >> this is something that could have had an affect on national security and i think we should have been told. >> reporter: and now eric can't tore spoke about the general's a fair and closed hearings on libya are set to begin and that leaves many republicans with more questions than answers. more in the next hour, ktvu channel 2 morning news. >>> a memorial will be held this weekend for a brentwood man killed in
expected for the u.s. labor market. according to the labor department employers added 171,000 jobs in october and also significantly revised upward the number of new jobs add in august and september. >>> put the unemployment rate rose to 7.9%, up from 7.8% in september as more people started looking for work. >>> today's job report is fueling reaction along the campaign trail from both president barack obama and governor mitt romney. >> today our businesses have created nearly 5 and a half million new jobs and this morning we learned companies hired more workers in october than at any time in the last eight months. >> not surprisingly governor romney saw today's report a little differently than the president, he says the economy is at a virtual stand still. >> today we learned that it is actually 7.9%, that is 9 million jobs short of what he promised. ing employment is higher today than when barack obama took office. >> folic his comments in wisconsin romney headed to ohio where president obama is also campaigning today. recent polls show the president with a slight lead in ohio.
to rally. we will see a big sell- off in the vix, and we should see a sell-off in the u.s. dollar as well. > > what do you think about gold and oil here? yesterday they both ramped up. > > we saw both buying ahead of an obama victory. there is a strong belief that gold could make an end-of-year run through its all-time highs toward that $2,000 level. oil is a little more demand-centric, so expect it to test $90, maybe $95 in wti, but i doubt it's going to be testing new highs toward the end of the year. > > as you know, consumer confidence is up. we have retailers reporting earnings this week. is this a time to buy retail stocks? > > i think you have to be smart about which ones you buy. i think the big domestic department stores, there are winners and losers, and then in the individual lines there are winners and losers. lululemon continues to outperform. gap continues to underperform. you have to be smart about who you by and for what price. > > mark sebastian of option pit mentoring. thanks for being on the show today. > > thank you. moments after networks announced that the preside
controlling 16% of u.s. consumer electronics sales, the chain has seen shares fall 35% so far this year and posted a $1.2 billion net loss in its latest fiscal year. a busy week is ahead in washington as democrats and republicans face that looming fiscal cliff. today at the white house, president obama meets with the leaders of labor and progressive groups. wednesday he's invited top business leaders over for talks. reports say the ceos of ge, honeywell, walmart, ibm and more will be there. the president then meets with congressional leaders friday to address the cliff. "i intend to work with both parties. i said over and over again on the campaign trail, we can't cut our way to recovery, we have to ask the wealthiest americans to pay more." "instead of raising tax rates on the american people and accepting the damage it will do to our economy, let's start to actually solve the problem. "let's focus on tax reform that closes special interest loopholes and lowers tax rates." without an agreement between lawmakers, $600 billion in automatic spending cuts plus tax hikes affecting all amer
administration's handling of the u.s. consulate attack in benghazi, libya. that attack killed u.s. ambassador chris stevens who was from the bay area. one senator said the president lied about what happened. >> this administration, including the president himself has intentionally misinformed, read that, lied to the american people in the after math of this tragedy. >> tomorrow the former head of the -- former cia director david petraeus is scheduled to testify. secretary of state hillary clinton is also scheduled to testify at the hearings. hillary clinton would appear next month. >>> new information about the water main break in daly city. the flow of mud and water was twice as big as first thought. ktvu's ken pritchett is live in daly city. >> reporter: at first the city said 45,000 gallons of water came from that pipe, sending mud flowing down the hill into a park. we have video from news chopper 2, showing you the effected area. the city says 97,000 gallons of water came from that pipe. a believable amount given the mess left behind. >> reporter: piles of hey rolled out on mud, these are
defense system. u.s. lawmakers are closely following the developments. >>> the united states of america has got to push as hard as we can to resolve this israeli/palestinian issue. so many events are making that process go forward. >> senator mccain goes on to believe he thinks the u.s. should send a high-ranking official. >> this is the first visit ever. coming up at 7:15, the other history-making stop on the president's stop. >> three people have been arrested now in connection with the death of a homeless man in santa cruz. police say the body of the 51- year-old victim was found late saturday night. he was pronounced dead at the camp site south of depot park. shortly after police say they found the suspects, jeremiah long, michael hudson and shaland gonzalez. they were booked for murder. the oakland tribune says the police union filed a harsh critique in court. the union also claims internal affairs investigators resulted in injust -- resulted in unjust charges. a judge will hear arguments about whether to appoint a federal receiver. >>> volunteers are preparing to serve holiday mea
clinton says the u.s. strongly condemns the bombing and is ready to provide any assistance that israel requires. there were high hopes for a truce when she arrived in israel less than 24 hours ago but the bombing and israel's response launching new attacks in gaza is a dramatic setback. she's still pushing for a longer term solution. >> the goal must be security and advances the security of palestinians and israelis. >> there are reports that the tentative outline of a truce calls for a 72-hour cease-fire to give more time for some sort of diplomatic breakthrough. reporting live from washington, d.c., alison burns, ktvu channel 2 news. >>> 7:17. new this morning, general john allen is back at his job as a top u.s. and nato commander in afghanistan. allen returned to kabul after the announcement between the general and the general petraeus scandal. allen was supposed to testify before the senate committee on his nomination to become the commander of u.s./european command and the top nato general but that nomination is on hold. his return to afghanistan comes the day as the same day the
visits and predicts sales will jump 18% this year. adobe says u.s. on line sales start to peak today but really pick up on monday, when people go back to work and shop during their lunch breaks. and december 17th is expected to be especially strong when thousands of merchants offer free shopping on line with a guaranteed delivery by christmas eve. >>> thousands of people flooded bay area grocery stores this morning for last minute thanksgiving food shopping. at a safeway store in san francisco we caught up with procrastinators scrambling around. many said their turkeys were in the oven but needed other items. >> nothing like waiting to the last minute. right? >> yeah. >> no, no, no, i have my long list ready so i prepared for this. >> where is your turkey? >> it is right at home, it is ready now. >> okay, so now these are all the trimmings? >> yes, yeah, that is the last minute. >> others said they preordered turkey meals so they would not have to mess up their kitchen too much this holiday. >> did you not feel like cooking? >> well, it is hassle to cook a turkey, yeah so, that is wh
greece will get another bailout, and the u.s. budget. the governor of new york places the cost of hurricane sandy at $42 billion in damages and losses. and all bets are off at intrade.com. the website can no longer allow u.s. residents to place financial bets on the prediction markets. intrade correctly predicted president obama would be re-elected and that the u.s. is not likely to fall off the fiscal cliff. there are lots of rumblings coming out of washington. let's turn to scott bauer of trading advantage to talk about this alleged fiscal cliff. what do you think - and good morning - deal or no deal, scott? > > good morning angie. yeah, there is going to be a deal. it may not be later this week, it may not be next week, but i think at a minimum we are going to see congress, the president, everyone say, you know what, we are on the table together here, and even if we have to extend this three months, six months, we are going to get it done. there is no way with the recovery that we have seen - and i'm not talking about the stock market recovery, i am talking more of the consu
people in the u.s., canada, and the caribbean combined. 4.5million homes and businesses are still without power. that is also deepening the ongoing gap crisis out there. it has forced many gas stations to close while disrupting the flow of fuel from refineries to the stations that are open. the wait at some stations two hours long. >>> new jersey trying to make sure sandy does not ruin tuesday's election. military trucks will serve as polling places in flood ravage communities. the state is concerned many of its 3,000 polling places do not have electricity. the deadline to mail in ballot applications has been extended until the end of today. the bay area increasing its efforts to help the storm victims out east. dozens of military personnel left travis air force pace yesterday. they are bringing in much needed supplies including generators. more than three dozen local red cross volunteers are heading to the northeast. they are also have been conducting blood drives for victims of sandy. >>> time now 5:03. oakland police have help keeping streets safe. chp officers are on patrol. almost a
about the deadly raid on the u.s. consulate in benghazi, libya, but congressman lynnwoodey graham says the truth cannot come out out him. >> more than ahoun military members home in time for the veteran's day. we'll taking you on board their coast guard cutter to celebrate this important day. >>> we pay-it-forward, you know? you all kram to us in our dire need. >>> also more relief on the east coast in the aftermath of the superstorm and the helping hand from those who have been there before nfl a short-lived hope on hockey fans. the latest on the player lockout. . >> apexplosion leveled two homes and almost destroyed several others last night in indianapolis. the blast killed two people and sent seven others to the hospital. it00 residents in surrounding homes were evacuated to a local school. >> there was major damage to houses in the near area and then like i say for blocks on end there is structural damage in windows and garage doors and that sort of thing. >> the explosion was so powerful and the debris threw so far many people initially thought i plane had crashed into the ho
just arrived two hours ago. it's the first visit ever by a u.s. president to cambodia. the other history making stop on president obama's trip coming up. >>> back here at home later this morning san francisco city officials will deal with a hot debate involving muni. muni has to decide what they will do with a multimillion dollar wind fall. ktvu tara moriarty is here now. says the big decision boils down to two options right tara? >> reporter: that is right. muni has to decide whether it wants to invest in making improvements to the system and hiring more operators or wants to let youths ride for free. we're here at the portal station. they will take center stage at a board of supervisors government audit. supervisor scott weiner is pushing for using the funds for maintenance. pointing out the agency has very poor performance rates. others would like to see 40,000 low income youths ride for free. in this spring the san francisco municipal transportation agency approved a 22 month pilot to provide a free transit ride. it hinged upon the transportation agency would fork over $4 mil
the u.s. but those people could be moved to u.s. prisons. there are already 373 prisoners convicted of terrorism in the prison system. >>> the recruit starts at 11:00 this morning and it runs until 3:00 this afternoon. recruiters for many employers, lowe's and amtrak will be looking for veterans. they and their families are all invited to attend. >>> they are supposed to decide if a family oyster bay farm had to shut down. they are trying to operate and the farm is inside the point national sea shore. ken salazar to youred the farm last week. the business has no place inside a national preserve. >>> there are new concerns about safety for san jose state university. they are worried about out of state campus emergency phones. coming up, how bad the problem is and how bad they are responding. >>> it is a good time for how they will respond. the winning tickets was sold in arizona and missouri. this is video of the buying frenzy. tickets were selling at a rate of 130,000 a minute in the states that participate. california is not one of them but arizona is. people were crossing over to
retake the title in the 4th quarter. >>> there are reports fox con is shopping for factories in the u.s. they are looking around in los angeles and detroit. and its focus on lcd television equipment. they also announced plans to train u.s. engineers. they have two locations in the u.s., including in santa clara. >>> a earthquake rattles central america. the desperate search for survives. >> and the east coast is getting slammed against by mother nature. the havoc she is bringing this time around. [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah blah blah. if i had a sleepover, i couldn't just move the tv into the playroom. no. we had to watch movies in the den because that's where the tv outlet was. and if dad was snoring on the couch, we muscled through it. is she for real? your generation has it made. [ male announcer ] the wireless receiver only from at&t u-verse. get a free wireless receiver with a qualifying u-verse plan. rethink possible. >>> the death toll is 52 people follow
attitude to take this step. >>> americans are ready to help solve the u.s. fiscal crisis. >> building roads is important. investing in schools is important. paying for the national defense is important. bio medical research is important. the space program is an inday -- indicator of the world leader. all of that takes money. >> reporter: this week uc regents will consider a hike for students. >>> it was a special veteran's day for some bay area coast guard families as ktvus lorraine b l anco reports. >> it is wonderful to be home on veteran's day and have friend and family waiting on a pier you never get tired of that. >> reporter: finally dad is home and julie is six months preg in -- pregnant. >> it was something to leave this guy behind but now i learned julie is pregnant. it's amazing. >> right when i need him to help out. >> from hawaii to the arctic, the men and women of the u.s. coast guard cutter hope to reconnect with loved ones. for some, serving and sacrifice are a family tradition. >> i saw my father went through the military. and it just meant a lot to him. i just wanted to ex
in fremont. >>> the president will be the first sitting u.s. president to visit burma, also known as myanmar, to encourage steps toward democracy. he will make a first ever presidential visit to cambodia. the four-day asian visit starts in thailand early tomorrow. >>> we are seeing paula broadwell in public for the first time since the scandal broke that drove david patient to resign as -- david petraeus to resign as head of the cia. they are in d.c. visiting broadwell's brother. the couple lives in charlotte, north carolina. retired petraeus resigned eight days after ago his affair came to light. he has kept a low profile and testified yesterday before a house and senate panels looking into the attack on the u.s. consulate in benghazi, libya. he was whisked into the capitol through underground corridors and he now faces a cia inquiry into his conduct. >>> some people hoping to become u.s. citizens got help in san jose today. the would-be citizens got to consult with an attorney for $30. they helped immigrants work through their applications and to see if they qualify for a fee waiver. those
senator john mccain backed off from fiery criticism of susan rice about the 9/11 attack against the u.s. diplomatic post in benghazi libya. >> i think she deserves the ability to explain herself and her position just as she said. but she's not the problem. the problem is the president of the united states who on -- in a debate with mitt romney said that he had said it was a terrorist attack, he hadn 't. >> rice has maintained she based her statements on protesters on cia intelligence available at the time. four americans including u.s. ambassador to libya chris stevens were killed. >>> police are making progress in recovering some 2 million donations made to the salvation early. police in toronto said earlier in the year they discovered a person had made off with donations of toys and good. tips led them to a trailer where they found toys and food. >> officers did find toys, personal items as well. items that were donated to the salvation army. >> the salvation army believes that the men were working inside. they have been overwhelmed with new donations. >>> survivors of super storm san
filed for jobless claims. it was the second straight decline. the u.s. labor market has been showing signs of improvement after more hiring and fewer job cuts. >>> on wall street today, the dow is up 36 to 13,021. the nasdaq is up 20 at 3,012. the s&p is up 6 at 1,415. >>> we have just learned that one of last night's powerball winners is expected to come forward tomorrow. the jackpot was $588 million. that is the highest ever for powerball. officials say one ticket was sold in arizona, another in missouri. the winners could each take $192 million before taxes. >>> coming up, california missed out on this jackpot but it won't in the future, powerball is coming to the golden state and who could see a win fall. >>> cheers at the u.n. today as they voted to grant statehood to palestine. [ cheers and applause ] >> the u.n. voted 138-9 to recognize palestine. despite strong opposition from the united states. susan rice said the resolution places further obticles in the path to -- obstacs in the path to peace -- obstacles in the path to peace. >> a new park with a new statues and the perso
, this week, the u.s. supreme court could decide whether the deal with the -- whether to deal with the issue of same-sex marriage. the court is due to hold a closed-door conference on friday. coming up for you at 7:15, the one decision the court could make that would make same-sex marriage legal here in california before christmas time. >>> all right. want to check in with tara filling in for sal. tara, it was crystal clear for most of my drive in from danville through walnut creek. but i know there's a lot of other heavy fog. >> that's right. and those advisories are in effect for the bridges. some other parts will be lifted at 9:00 this morning. the dumbarton bridge is the only bridge not under advisory but it is still foggy on the west side of the span. so be careful. this is 101 in san jose. tail lights are headed to the airport. if we head up to emeryville at the macarthur maze, you can see the fog we've been talking about. we can't see anything and the bay bridge toll plaza is much the same way. that's where lorraine blanco has been out all moneying warning about the fog advisory. and
. the election did not change the balance of power on capitol hill. democrats they still controlled the u.s. senate. the republicans still controlled the house of representatives. coming up at 5:15 what that means for lawmakers moving ahead and for gridlock in washington. >> governor jerry brown is claiming victory for what he calls the california dream. voters have approved proposition 30 his education tax initiative. you can see on the screen. 54% to 46%. and that is with -- actually that is all of the precincts reporting out. tara moriarty is in san francisco with what the vote means for california's public schools. >> reporter: we are standing in front of mission high school. and it is one of the oldest in fact the oldest high school in san francisco and it's struggling but the students here may now benefit from prop 30 passage. san francisco voters overwhelmingly supported the measure as did folks in alameda and santa cruz. they all raise the states sales tax by a quarter of a cent for four years and increase income taxes for people that make $250,000 a year by up to three percentage p
will be taking over as acting director. president obama says he has the utmost confidence in morell. >> the u.s. supreme court has agreed to hear a lawsuit from states asked to be released from supervision. 16 states must get federal court approval before making any changes to their election procedures. four california counties are also covered by that provision of the voting rights act. several of the states say the basis for the supervision is outdated and they've made enough improvements they no longer need the oversight. >> president obama is set to travel to new york to review recovery efforts. the president will be on the east coast on thursday. there he'll meet with families affected by the storm as well as local officials and first responders. new york officials estimate damage from sandy could reach $33 billion in that state. the president traveled to new jersey last week to view the damage and recovery efforts there. >>> an 11-year-old boy from santa clara was among the victims of wednesday's major earthquake. the family of aldo dominguez vasquez says the boy was living with an uncle
: the american civil liberties unions failed a lawsuit against the military of the u.s. >> the policy has the effect of closing whole career fields to servicewomen. and closing hundreds of thousands of positions to them. >> reporter: the plaintiffs include four women who have fought in the ground in afghanistan. zoe badel led a team of 46 servicewomen. >> they wore the same gear and they carried the same rifles and when the unit was attacked, my marines fought back. >> reporter: search and rescue pilots jennings hagard earned a purple heart after shrapnel left her with scars. >> the men that i served with didn't care if i was a woman, they cared if i could do the job. >> reporter: the >> reporter: -- a retired u.s. marine officer says that -- >> leon panetta tells us he's open to opening positions to women. >>> the dow lost 89 points, nasdaq dropped eight. senate majority leader harry reed said he was frustrated by the lack of progress in budget talks. the numbers are in and this cyber monday was the biggest online shopping day ever. an analysis of 500 businesses found sales were up 30%
news. >>> later today the u.s. supreme court may announce if it will review a the challenge to prop 8. coming up the options before the high court and how the city ever san francisco is preparing for the court's decision. >>> time now 5:07. we'll be talking all morning about how dangerous it is driving. you had a scary drive. >> it was really intense. >> tara, what is happening out there now? t's very scary in sonoma county where the flash flood warning is in effect until 5:22 this morning. there is several spinouts reported by chp. really take it easy. especially around big rigs it takes longer for them to brake. let's take live pictures here. this is in pleasanton you can we have all lanes shout down. a big rig crashed spreading debris on the roadway. claudine wong will have an update at 5:30. we're also hearing reports of another big rig accident on this stretch near the altamont pass at the greenville exit. it looks like a truck went down the embankment. this is a look at the bay bridge toll plaza. traffic flowing okay. we do have very wet conditions and a high wind advisory in ef
will stay in afghanistan. leon panetta says the -- the top u.s. commanders there have had several options on what will happen after 2013. the u.s. has 16 -- has about 68,000 troops. president obama has pledged most of them will be withdrawn by 2014. >>> 7:16. today, president obama meets with officials about the fiscal cliff. jamie dupree has more via skype. what's the president's plan now to avoid the situation? >> reporter: we don't have a detailed plan yet out of the white house and what he wants to do. he's meeting today with labor and business leaders in separate meetings trying to engage what might be acceptable to both sides. we saw some of the markers laid out by some democrats and republicans and we hear a lot more about that especially with lawmakers and congress returning to work later in both the house and senate. i wouldn't look more than some basic talks. you have a trip to asia that starts at the end of the week with the president. lawmakers will only be a few days this week and then this will be after thanksgiving. they are like the rest of us, why do now until you can --
been charged with plotting to kill americans and destroy u.s. targets overseas. the fbi says the men planned on carrying out their attacks by joining al qaeda and the taliban. one of the men served in the u.s. air force. they were arrested for plotting to bomb u.s. military bases and government facilities. the fbi says the men had planned to depart this month to carry out plots in afghanistan. >>> 7:14. the united states now expanding its involvement in the middle east crisis. as ktvu's alison burns reports from our washington, d.c. newsroom, secretary of state, hillary clinton, now on her way to jerusalem to help try to work out a cease-fire. alison? >> reporter: dave, this is new this morning. egypt's president, who has been taking the lead in the negotiations, now says he believes a cease-fire is imminent. secretary of state, hillary clinton, will be meeting with israel's prime minister in about five hours in jerusalem. then she heads to the west bank to meet with palestinian leaders and finally to chiro rowe to consult with -- cairo to consult with egyptian officials. the death t
director david petraeus and now the top u.s. ambassador in afghanistan. >> this is jill kelley. and i have a guy who in my backyard who is not leaving. >> okay. >> i'm an honorary council general. >> that was the 911 call. she had exchanged thousands of inappropriate e-mails with general allen. it turns out council is an honorary council general in south korea but that's not an official report and we're hearing that david petraeus has agreed to testify about the libya terror attack before the house and senate commit tees. that's according to a fox news report. that appearance was canceled when petraeus suddenly resigned. coming up at 7:15, how the scandal started with petraeus stepping down just keeps expanding. >>> back here at home, a rare sight you don't see every day, gasoline for less than 40 cents a gallon. alex live in palo alto. short a -- forea -- for a short time last night. they were selling newell at 1970s prices. this morning, it's back to reality the problem has been fixed. now 3.65 a gallon. that's what folks are shelling out here. it's a different story last night. here is
of the iranian experience in the 1970s, and -- but, what should the u.s. be doing, saying, this is unacceptable and thank mr. morsi for his efforts in brokering a cease-fire, which is, by the way, incredibly fragile but is not what is acceptable, what the american taxpayers expect and our dollars will be directly related to the progress towards democracy, which you promised the people of egypt, when your party and you were elected president. >> chris: let's talk about that. because, morsi took his step hours after secretary of state clinton praised him for helping broker the deal between hamas and israel and so far, at least the administration issued, the state department, a tepid criticism. how tough should they get with them? directly say pull back, what should our demands an leverage be? >> our leverage is obviously, not only the substantial billions in aid we provide, plus, debt forgiveness and an i. -- an imf deal, but the marshalling world publish opinion is against this kind of move by mr. morsi. we appreciate president morsi's action but it always in the past the united states that brok
met. superstorm sandy failed to knock down car sales. u.s. automakers are riding high following a selling spree in october. chrysler sales jumped 10%. gm posted its highest october sales since 2007, with deliveries up 5%. ford sales inched up just .4%. the company reports truck sales stalled slightly while car sales, especially for fuel-efficient models, picked up. ford's ceo, alan mulally, told reporters yesterday he intends to stay on until 2014. mark fields companies turnaround will soon bump up to coo. in overseas action, toyota sales bounced 16% higher, while volkswagon's were up 22%, making it the best october since 1972. meanwhile, small businesses are still reeling from the effects of superstorm sandy. sandy shut down and damaged many businesses in its trail. now a lifeline for business owners could come in the form of disaster assistance. chris hurn of mercantile capital says for small business owners affected by the storm, loans could be a chance to reboot business. "one of the things that is going to come out of a life- altering event like this is a lot of them are
-ranking official. the top u.s. commander in afghanistan, general john allen, is under investigation now for possible inappropriate communication with jill kelley. she's also linked to the petraeus sex scandal. the fbi says that 20,000 to 30,000 pages of e-mails are under review. allen's nomination to head is now on hold. however, a pentagon spokesperson says he will remained in -- remain in afghanistan for now. >> the secretary has asked the president and the president has agreed to put his nomination on hold until the relevant facts are determined. >> kelley claims she received threatening e-mails from general petraeus' mistress, paula broadwell, which triggered this investigation. overnight, allen told pentagon officials that he had done nothing wrong. >>> tonight, the morago school board is expected to vote on revisions to the district's policy on child abuse prevention and reporting. school board trustees will discuss a lawsuit filed by the former joaquin intermediate student who said she was abused. she's suing the district and former administrators alleging they ignored her claims
the last week there has been a lot of talk about oversupply, u.s. production levels quite high. but yesterday we saw a precision air strike from israel on a hamas chief-of-staff leader, and what that did was it raised that bar again about the geopolitical risk with crude-oil, and we saw this big reversal to the upside. > > there is yet another call for gold to go to $2,000 an ounce. what do you think about that? > > i definitely think so. the issue that we're having here is safety, and there's not enough of it to be spread around. we're seeing almost no yield in treasuries. we saw a german note auction that provided a negative yield. the dollar index isn't much safer than the euro currency. so gold seems to be a hard asset and a place that traders may want to be. > > good to have you on the show this morning. have a good trading day phillip. > > thank you. president obama has set the pace for tomorrow's meeting with congressional leaders. in a news conference yesterday the president reiterated the need to raise taxes on the wealthy while continuing tax breaks for the middle cla
are because of stress or boredom. a new study reveals surprising data about bank fees. according to the u.s. public interest research group u.s. pirg, 6 out of 10 small banks offer free checking services, while only a quarter of big banks offer the service for no charge. the study also found smaller banks have lower checking and overdraft fees. however, the data shows most banks big and small neglect to provide detailed fee information to customers. plenty of americans will be doing their holiday shopping at retailers that are popular with wall street and with main street. america's most successful store, not too surprising, is apple, by a wide margin, followed by: 2. tiffany & co. 3. lululemon athletica 4. coach 5. michael kors 6. select comfort 7. true religion 8. vera bradley and, 9. birks & mayors in the ipo market this week, paper company boise cascade hopes to raise up to $200 million in its ipo. the public offering may have traders watching office max. shares of office max spiked 27% on friday due to the large stake it holds in boise cascade. meanwhile, wi-fi company ruckus wireless
obama is making history today by becoming the first u.s. president to set foot in cambodia. he and secretary of state, hillary clinton, are attending an east asia summit. this is the final leg of a four- day trip which also included a first-ever bit of to burma. he praised the country's progress towards die mockcy but urged further reform. >> the flickers of progress that we've seen must not be extend gived. they must be strengthened and become a shining north star for all of this nation's people. >> the president also met with democratic freedom activist, aung san suu kyii, who spent 15 years under house arrest. >>> at this hour, hundreds of families in san jose are receiving much-needed help for the holidays. janine de la vega live in san jose where a holiday foot giveaway is going on right now. so is there enough food for everyone door they still need donations? >> reporter: they still need donations. you can see volunteers from sacred heart community services. they are handing out these holiday gift services that you -- workses that you see to needy families. we've seen a l
private employer in the u.s. with nearly a million-and-a-half workers, calls union involvement in the anticipated strikes unlawful and is busy preparing for black friday and its post- black friday technology and toy sales saturday. a sweet ending may be in the works for hostess. potential buyers are stepping forward, plus a bankruptcy judge was able to get hostess, the lenders and the union to agree to mediation to avert liquidation of the snack food company. twinkie sales have never been hotter. we found a box of 10 twinkies going for $20 and more on ebay. hostess goodies became a hot commodity after the company shutout workers last week and went to court monday to liquidate, leaving 18,000 employees stunned that hostess could give up its iconic treats. "twinkies, it's a legend, the history is very long." "in bankrupcty there is great power on behalf of the bankrupty judge." the bankruptcy judge hearing the hostess case was able to convince the company to try mediation with the union. the arm of the department of justice that oversees bankruptcy cases is also slowing the host
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